Overview
What is Heritage Ministries Inc?
Heritage Ministries Inc is a nonprofit organization that is dedicated to spreading the message of Jesus Christ. Based in Alcoa, Tennessee, they carry out their mission by traveling across the United States and internationally to deliver sermons at churches and conferences. Moreover, they offer support to Assembly of God churches by aiding in the construction of churches in foreign nations. Their primary objective is to share the Gospel and contribute to the growth and expansion of the Christian community worldwide.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Heritage Ministries Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas needing improvement. With an overall score of 64%, the organization performs well in certain accountability and finance metrics, such as having an entirely independent board and a strong program expense ratio of 93.83%, suggesting that a majority of funds are directed towards its programs.
However, the nonprofit faces challenges in its fundraising efficiency, with a low score of only $0.002 for every dollar raised. Additionally, the working capital ratio of 0.08 years highlights potential liquidity concerns, which may affect its ability to meet short-term obligations. Overall, while Heritage Ministries Inc demonstrates good governance practices, these financial limitations point to a need for enhanced fundraising effectiveness and better financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Ministries Inc legitimate?
Heritage Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $78,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,000
For more financial information, click here
What is the mission statement of Heritage Ministries Inc?
Heritage Ministries Inc is committed to spreading the Gospel of Jesus Christ. They embark on missions to various churches and conferences across the United States and globally, delivering sermons centering around Jesus Christ. Beyond preaching, they also extend their support to Assembly of God churches, aiding in the construction of churches in foreign nations. Their mission is primarily focused on spreading the word of Jesus Christ.
Who is the CEO of Heritage Ministries Inc?
Sam Johnson is the Director of Heritage Ministries Inc.
What is the revenue of Heritage Ministries Inc?
Heritage Ministries Inc's revenue in 2022 was $4,198,287.
Who are the executives of Heritage Ministries Inc and what are their salaries?
The average compensation at Heritage Ministries Inc during 2022 was $68,000. There are 3 employees and 5 volunteers at Heritage Ministries Inc.
Here are 9 key members and their salaries:
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- Compensation: $90,500
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- Compensation: $36,000
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- Compensation: $42,000
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Where can I find the form 990 for Heritage Ministries Inc?
Heritage Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Heritage Ministries Inc
Heritage Ministries, a notable organization, is dedicated to spreading the Gospel of Jesus Christ. They accomplish this by conducting religious gatherings and seminars at churches and conferences both domestically and internationally. Furthermore, Heritage Ministries extends its mission to assist Assembly of God churches in constructing houses of worship abroad. By engaging in these activities, the nonprofit aims to spread the teachings of Jesus Christ and foster spiritual growth in various communities worldwide.
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Impact
July, 2024
Heritage Ministries Inc's impact is significant in spreading the Gospel of Jesus Christ both within the United States and internationally. They travel to churches and conferences across the country and around the world to share the message of Christianity. Additionally, they play a key role in assisting Assembly of God churches in constructing new churches in foreign countries. This work not only helps in spreading the Christian faith but also contributes to strengthening communities and fostering spiritual growth among believers globally.
This information is meant to be a general summary of Heritage Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Gross Receipts: $4,198,287
Assets and Liabilities:
- Total Assets: $368,122
- Total Liabilities: $241,696
- Net Assets: $126,426
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Organization Details
Founding Year
1987
Phone
(952) 500-8018Principal Officer
Sam Johnson
Main Address
713 WAVERLY CT, ALCOA, TN, 37701
NTEE Category
Code: X21Z - Religion related
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